OPEC has repeatedly argued that…
Manufacturing surveys indicate stagnant growth…
Plastics will come to account…
The CEO of a Deutsche Bank subsidiary resigned Wednesday, just a day after German authorities launched a heavy-handed raid on the company’s offices in Frankfurt over allegations of…
Libya is losing another 22,000 barrels per day due to a pipeline leak at the Sarir Tobruk oilfield blamed on delayed budgets that have left the operating company…
The Joint Technical Committee (JTC) of the OPEC+ group did not discuss suspending Russia’s quota in the oil production deal at the meeting on Wednesday ahead of Thursday’s OPEC+ ministerial…
The UK and the European Union have agreed to jointly shut off Russia’s access to oil cargo insurance, the Financial Times reported, which would severely affect its ability to…
The OPEC+ alliance is solid, with the level of cooperation within it strong, according to a statement issued by the Russian Foreign Ministry following a meeting between Foreign Minister Sergey…
Rising energy prices and boxing Russian crude oil out of the global market risks a global recession, Bank of America's head of global commodities and derivatives research Francisco Blanch warned…
Some OPEC members are mulling over the possibility of suspending Russia from the OPEC+ deal that limits the amount of crude oil that each member can produce, the Wall Street…
The federal Russian government will increase minimum wages and pensions from June 1 as it seeks to counter the effects of double-digit inflation closely linked to Western sanctions. Inflation in…
Ukraine’s State Bureau of Investigations (DBR) has taken control of all Tatneft assets in the country, along with any companies linked financially to Tatneft, DBR said in a statement to…
Russia’s flagship crude grade, which was sold mostly to Europe before the Russian invasion of Ukraine, is still selling, but predominantly in Asia, and at a huge discount to Dated…
As in many parts of the world, gasoline prices in the UK hit a fresh record high on Tuesday amid rallying oil prices after the partial EU ban on Russian…
Oil prices rose early on Tuesday after the EU managed overnight to reach a compromise deal on banning Russian oil imports, expecting to effectively ban 90% of Russia’s oil flows…
Brent Crude prices are set to average just over $107 per barrel in the second quarter, the latest Reuters poll of analysts showed on Tuesday, but some experts expect…
The Greek government on Monday warned vessels to avoid any shipping routes controlled by Iran after Iranian forces seized two Greek-flagged oil tankers late last week in retaliation…
Mexico faces budget pressures as it now spends double the money on subsidizing domestic fuel to keep inflation in check than the money it receives from exporting oil, even at…
The threat of cutting off gas supplies, if not being paid in Rubles, is taking another casualty. Russian gas giant Gazprom has announced that it will stop gas supplies to…
Denmark has joined the list of countries refusing to pay for Russian gas using a ruble conversion scheme, prompting the country’s state-run gas company on Monday to warn…
U.S. gasoline prices hit a new all-time high on Memorial Day, the start of the summer driving season, with the national average exceeding $4.61 per gallon. On May 30, the…
Russia should reduce its oil production by 20 to 30 percent to around 7 million bpd – 8 million bpd in order to get better prices and not have to…
While the European Union is scrambling to find ways to import less gas from Russia, Serbia has bucked the trend, with President Alexander Vucic announcing today a new three-year gas…